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Egypt: Desperately Seeking Finance
...ere has been a turnaround in economic performance with policies to reign in the budget deficit and the inflow of Gulf cash since mid-2013. But though GDP growth rose to 4.2% for the 2014-15 fiscal year which ended on 30 June, with the IMF projecting 4.3% for the current year, there are serious ch...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Iraqi Cash Shortage Deepens As Bond Issue Pulled
...port volumes of 3.05mn b/d for September, Iraq pocketed a mere $3.69bn for the month’s crude exports, less than half monthly takings for the first half of 2014 (see graph). Iraq received just $40.33/B for its September exports, the lowest figure since February 2009. Oil revenue accounts to around 83...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
IMF Downgrades MENA, Global 2014-15 Growth Projections
...REGIONAL The IMF has downgraded its projections for global growth this year and next. The MENA region, hit by war, instability, and falling oil prices, sees the biggest downgrade of all. Real GDP growth in the MENA region is projected at 2.6% in 2014 and 3.8% in 2015, a downgrade 0.5 an...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Iraqi Budget Projects Record 2014 Expenditure
...IRAQ Iraqi Budget Projects Record 2014 Expenditure Iraq plans to spend a record ID174,600bn ($149.2bn) in 2014, up 26.1% from ID138,425bn ($118.3bn) in 2013, according to the draft federal budget drawn up in September by the Ministry of Finance. The draft, which has re...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
World Bank Sees Decline In Post-Arab Spring MENA Growth
...velopments and Prospects’ report. Post-Arab spring upheavals “continue to dominate economic activity and near term prospects.” The region’s economic outlook for 2013 and especially 2014 is shrouded in uncertainty and subject to a variety of risks, mostly domestic in nature and linked to political in...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013